Los Angeles Capital Management LLC Acquires 12,010 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Los Angeles Capital Management LLC lifted its stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 29.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,147 shares of the company's stock after acquiring an additional 12,010 shares during the period. Los Angeles Capital Management LLC's holdings in Zurn Elkay Water Solutions were worth $1,982,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ZWS. Barclays PLC lifted its position in shares of Zurn Elkay Water Solutions by 85.7% in the 3rd quarter. Barclays PLC now owns 304,731 shares of the company's stock worth $10,952,000 after acquiring an additional 140,624 shares during the period. Principal Financial Group Inc. lifted its position in Zurn Elkay Water Solutions by 49.6% in the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company's stock worth $94,161,000 after purchasing an additional 868,748 shares during the period. Global Alpha Capital Management Ltd. boosted its stake in Zurn Elkay Water Solutions by 23.1% during the third quarter. Global Alpha Capital Management Ltd. now owns 92,448 shares of the company's stock worth $3,323,000 after buying an additional 17,350 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Zurn Elkay Water Solutions by 25.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company's stock valued at $58,077,000 after buying an additional 329,563 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Zurn Elkay Water Solutions by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company's stock valued at $117,060,000 after buying an additional 35,570 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Zurn Elkay Water Solutions Price Performance

Shares of ZWS traded down $0.50 during trading hours on Tuesday, hitting $34.45. The stock had a trading volume of 596,398 shares, compared to its average volume of 989,666. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 37.43, a P/E/G ratio of 2.01 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The company's fifty day moving average is $37.23 and its two-hundred day moving average is $36.62. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. On average, analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 1.04%. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is 39.13%.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions news, CFO David J. Pauli sold 8,390 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the transaction, the chief financial officer now owns 59,410 shares of the company's stock, valued at approximately $2,107,272.70. This represents a 12.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Aimee Katz sold 8,912,500 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $33.60, for a total value of $299,460,000.00. Following the completion of the sale, the insider now directly owns 15,002,819 shares of the company's stock, valued at $504,094,718.40. This trade represents a 37.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lifted their target price on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Zurn Elkay Water Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $38.67.

About Zurn Elkay Water Solutions

Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally. It offers water safety and control products, such as backflow preventers, fire system valves, pressure reducing valves, thermostatic mixing valves, PEX pipings, fittings, and installation tools under the Zurn and Wilkins brand names.